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Rare parabola in straight up mode


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#1 tommyt

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Posted 12 January 2018 - 11:19 AM

They don't come along too often, this parabola is now in the end phase where some of the biggest pt gains of the move can take place...very unpredictable. Either way one should be liquidating positions into the madness knowing the straight up won't last. Vol should pick up coming up:

 

http://stockcharts.c...id=p67805258239



#2 da_cheif

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Posted 12 January 2018 - 12:05 PM

>.very unpredictable.<..........?????     how do you spell  E P I C E N T E R???......:"once in a life time move"    so it was written



#3 redfoliage2

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Posted 12 January 2018 - 12:17 PM

SPX 2850 should break it.  Let's see if market operators want to push it there in this reporting season.  Next week is OpEx week that usually has a bullish bias.


Edited by redfoliage2, 12 January 2018 - 12:24 PM.


#4 pdx5

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Posted 12 January 2018 - 12:51 PM

Yes, my barber is pushing buying stocks.


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#5 q4wer

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Posted 12 January 2018 - 01:02 PM

Are they going to break 2785 today?  I wish to see some afternoon selling



#6 fib_1618

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Posted 12 January 2018 - 01:32 PM

Are they going to break 2785 today?  I wish to see some afternoon selling

 

The upside price target for the SPX, that was given by the SPX McClellan Summation Index 2 months ago, is 2800 plus or minus 1%.

 

That said, if we see any kind of breadth plurality of 3:1 or better by Monday, there will be new upside targets given to minimally the 3000 level.

 

At this point, I would throw out any emotional or fundamental reason why the market can't go up and concentrate on riding the wave higher until PROVEN that a decline can actually be generated.

 

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#7 OEXCHAOS

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Posted 12 January 2018 - 02:41 PM

In fairness a couple people have predicted this "unpredictable" market!

 

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#8 tommyt

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Posted 12 January 2018 - 02:48 PM

OK thanks Fib, I have made note on this dow chart of the parabola and 25,777. This is your reference point to throw out reasons fundamental or emotional and to just "let er ride".

 

http://i117.photobuc...zpshblomso1.png


Edited by tommyt, 12 January 2018 - 02:53 PM.


#9 alexnewbee

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Posted 12 January 2018 - 03:14 PM

File this in the stats-that-don't-matter-during-melt-ups folder:

The last time the S&P 500 rallied more than 2% to a 52-week high during a little over a week, and the VIX was also up 10% was...dum da dum...March 24, 2000.

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#10 da_cheif

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Posted 12 January 2018 - 03:22 PM

File this in the stats-that-don't-matter-during-melt-ups folder:

The last time the S&P 500 rallied more than 2% to a 52-week high during a little over a week, and the VIX was also up 10% was...dum da dum...March 24, 2000.

From Sentiment Trader

looking back is easy    .sad....anybody can do it......watch the sky